Worry, uncertainty, and doubt have once more taken over crypto social media following a bout of panic promoting from weak-handed retail merchants.
“FUD has taken over social media,” following Bitcoin’s 16% fall over the previous week, stated blockchain analytics agency Santiment on Monday.
The crash was “a results of retail promoting their luggage,” it acknowledged earlier than including that “that is extra proof that markets transfer in the wrong way of the group’s narratives.”
“Unfavourable posts about crypto proceed to flood in, with social information indicating that that is essentially the most bearish that retail has been for the reason that November twenty first crash.”
Crypto markets tanked 19% in November, with $680 billion exiting the house. Comparatively, the current crash has been shallower, with a 14% slide and a $440 billion exodus, but it surely has despatched markets again to April 2025 lows.
A Aid Rally In Sight?
“Most often, there’s a reduction rally following main unfavorable occasions like this,” stated Santiment. “So far, this bounce is encouragingly trying just like the earlier two situations following FUD.”
Nonetheless, there have been few indicators of restoration but, with Bitcoin nonetheless buying and selling at nine-month lows round $78,000 and Ether obliterated at bear market lows round $2,300.
😠 FUD has taken over social media following Bitcoin’s -16% since January twenty eighth. After falling as little as $74.6K, $BTC has rebounded again as much as $78.3K because of retail promoting their luggage. That is extra proof that markets transfer the wrong way of the group’s narratives.… pic.twitter.com/NDffU98ZWM
— Santiment (@santimentfeed) February 2, 2026
CryptoQuant analyst ‘Darkfost’ blamed the file October leverage flush, saying that the occasion “is admittedly the one which pushed BTC right into a bear market.”
“Liquidity destruction in an already unsure crypto market setting is just not conducive to a return of hypothesis, which is nonetheless a key part of the crypto market.”
Analyst ‘Sykodelic’ was bullish, noting that the growth on this week’s manufacturing PMI information is a constructive signal for the economic system.
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“We’re not in a bear market and won’t be heading down for 10 months and getting a 75% retrace. The cycle is gearing up for growth, not on the finish of it.”
Bitcoin at Huge Help Degree
“Huge assist degree at $74K, which would be the principal factor to look at within the week(s) forward,” said analyst ‘Daan Crypto Trades.’ Sweeps can be okay, however closes under that time would “spell additional bother,” he added.
“General, it is simple to see how the market construction has shifted bearish additionally on the upper timeframe, with the bearish rejection at $98K and this newest leg down.”
BTC was buying and selling at $78,500 on the time of writing, down 11% on the week and 10% for the reason that starting of the 12 months.
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